ForecastCity
Long

Don't miss the great buy opportunity in EURAUD

FX:EURAUD   Euro / Australian Dollar
Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURAUD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 59.

Take Profits:
TP1= @ 1.6883
TP2= @ 1.7195
TP3= @ 1.7737

SL= Break below S2
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Comments

thanks for your ideas
+2 Reply
ForecastCity Kristalyn
@Kristalyn, We're glad you liked it. 🌸
+1 Reply
Nice chart and Analysis
+2 Reply
@Kamryn, Thanks 🌸🙏🌸
+1 Reply
Great analysis! Simple and clear
+2 Reply
@Mandaa, Thanks 👍
+1 Reply
I liked this idea.
+2 Reply
@fxniki, Thanks 👍
+1 Reply
Do you think the 1h supply just will stop it to the upside, I was possible think maybe break re-test if the supply zone and then go long with trade continuation what’s your thoughts
+2 Reply
ForecastCity yaresville1
@yaresville1, There is a possibility of temporary retracement to suggested support line (1.6585). if so, traders can set orders based on Price Action and expect to reach short-term targets.
+1 Reply
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